Renold Share Discussion Threads

[gargoyle2] 29/5/2019 07:11

Pension deficit and net debt the issues here. Even with those, a 2020 PE of around 5.8 does seem a bit crazy imo.

[saltaire111] 28/5/2019 12:44

I did wonder if Fenner Michelin might take a look at RNO.

[nick rubens] 28/5/2019 09:42

Now is a good time for a bidder to emerge with strong growing profitability and a low share price. Would be good to see some institutions moving in for a decent stake here or a potential predator building up a stake.

The small cap and mid cap market sector might gradually rerate this over the next year or two as the indexes have been generally lagging the FTSE100.

[meijiman] 28/5/2019 09:23

Looks very strong. The shares should be well north of 50p and would still look good value.

[saltaire111] 28/5/2019 08:07

Great results this morning.

[saltaire111] 24/5/2019 13:19

Shame that the price action over the last couple of weeks seems to have run out of steam...

[nick rubens] 18/4/2019 19:45

Looks like Reynolds is rallying back. Trading update was in line so results will be good. Wondering if an opportunistic bid might surface while it's down.

[gargoyle2] 14/3/2019 19:02

A couple of chunky sells today. I hope that's not due to a leak of (bad) results, which should be due any day now.

[philanderer] 02/3/2019 00:19

PUNT OF THE WEEK: Manchester-based manufacturer Renold has a three-point plan to boost profits

[cascudi] 12/2/2019 14:52

Thank you for the info

[scotch broth] 12/2/2019 10:58

Renold is a buy tip in todays Daily Telegraph.

[cascudi] 12/2/2019 08:46

Nice momentum

[cascudi] 08/2/2019 09:53

Looking good

[bisiboy] 02/1/2019 18:21

looking at these at present with view to possible purchase.

does anyone have a view on their capital expenditure as it seems to always exceed depreciation.

[saltaire111] 14/11/2018 07:45

Profits up 40%.

[coolen] 08/11/2018 21:36

There were indeed institutional holders once upon a time.

Kleinwort Benson, for one, were fans. The share price then was closer to 30 shillings than today's 30p. And the old Renold Chain Company then knew how to write dividend cheques.

[nick rubens] 08/11/2018 16:52

Results should reflect the positive trading update prior, so I expect a share price run up to them and as log as there is no out of the blue style negative forward looking statement (shouldn't be) and an expectation of the improving trend continuing then the share price should start a good long term style recovery. Needs the institutions to take positions in this great British Industrial company and name that goes back to my youth.

[scotch broth] 08/11/2018 12:44

Results 14/11/18 - Wednesday. Trading update 11/10/18 refers.

[bc4] 08/11/2018 12:17

Results next week maybe Thursday

[baticle] 11/10/2018 09:55

Looking at the trades I think there was a number of shareholders wanting to exit and all did so at the same time without any buying to counter the sells, creating a false market valuation, Everything looks sound enough to me and managment seem to have a handle on things...one to hold for me

[nick rubens] 11/10/2018 09:23

This should be one for Institutional buying on the smaller company sector. They must be asleep today.

[nick rubens] 11/10/2018 09:20

I bought a few more, got up too late for the bargain sell off, but it's still cheap and I expect a run up to the Interim Results on Nov 14th because the market knows they'll reflect the improved results as stated in the update.

Markets can be irrational most times. Solid engineering company. One to tuck away in the SIPP.

[baticle] 11/10/2018 09:04

I'm not sure why the drop, I thought it was a decent enough update.... nothing to get excited about but 20% down in the opening hour....Maybe market sentiment from last nights Dow Jones Fall......I managed to add to my holding sub 30p, it's worth more than that.